Analysts Set Delek US Holdings, Inc. (NYSE:DK) Target Price at $21.00

Delek US Holdings, Inc. (NYSE:DK) has been given a consensus rating of “Reduce” by the eleven research firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation and seven have issued a hold recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.00.

A number of analysts recently issued reports on the stock. Wolfe Research raised shares of Delek US from an “underperform” rating to a “peer perform” rating in a research report on Friday, January 3rd. Piper Sandler cut their target price on shares of Delek US from $25.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, September 20th. Scotiabank decreased their price target on shares of Delek US from $25.00 to $22.00 and set a “sector perform” rating for the company in a research report on Thursday, October 10th. StockNews.com lowered Delek US from a “hold” rating to a “sell” rating in a research report on Saturday, September 21st. Finally, Morgan Stanley decreased their target price on Delek US from $24.00 to $22.00 and set an “underweight” rating for the company in a research report on Monday, September 16th.

Delek US Stock Up 3.1 %

Shares of DK opened at $18.97 on Monday. The firm has a market cap of $1.20 billion, a PE ratio of -3.90 and a beta of 1.22. The company has a quick ratio of 0.67, a current ratio of 1.04 and a debt-to-equity ratio of 3.18. The company’s fifty day moving average is $18.03 and its two-hundred day moving average is $19.64. Delek US has a fifty-two week low of $15.36 and a fifty-two week high of $33.60.

Delek US (NYSE:DK) last posted its quarterly earnings results on Wednesday, November 6th. The oil and gas company reported ($1.45) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.71) by $0.26. The firm had revenue of $3.04 billion during the quarter, compared to the consensus estimate of $3.23 billion. Delek US had a negative return on equity of 28.21% and a negative net margin of 2.27%. The firm’s quarterly revenue was down 34.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.02 earnings per share. Analysts forecast that Delek US will post -4.4 earnings per share for the current year.

Delek US Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Tuesday, November 12th were issued a $0.255 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend was Tuesday, November 12th. Delek US’s dividend payout ratio is currently -20.99%.

Institutional Investors Weigh In On Delek US

Hedge funds and other institutional investors have recently bought and sold shares of the business. Chesapeake Capital Corp IL acquired a new stake in shares of Delek US during the second quarter worth approximately $223,000. SIR Capital Management L.P. increased its position in shares of Delek US by 37.2% in the 2nd quarter. SIR Capital Management L.P. now owns 876,133 shares of the oil and gas company’s stock worth $21,693,000 after purchasing an additional 237,734 shares during the last quarter. Thoroughbred Financial Services LLC raised its stake in shares of Delek US by 2.5% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 50,394 shares of the oil and gas company’s stock valued at $1,247,000 after purchasing an additional 1,246 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in shares of Delek US by 53.7% during the second quarter. Envestnet Asset Management Inc. now owns 80,782 shares of the oil and gas company’s stock worth $2,000,000 after purchasing an additional 28,216 shares during the last quarter. Finally, Renaissance Technologies LLC grew its stake in Delek US by 8.6% in the second quarter. Renaissance Technologies LLC now owns 298,469 shares of the oil and gas company’s stock worth $7,390,000 after purchasing an additional 23,628 shares in the last quarter. 97.01% of the stock is currently owned by hedge funds and other institutional investors.

About Delek US

Delek US Holdings, Inc engages in the integrated downstream energy business in the United States. The company operates through Refining, Logistics, and Retail segments. The Refining segment processes crude oil and other feedstock for the manufacture of various grades of gasoline, diesel fuel, aviation fuel, asphalt, and other petroleum-based products that are distributed through owned and third-party product terminal.